Latest News: Business
CarboSurf project kicks off to bring new biobased biosurfactants & carbohydrates to the market
Today, the Bio-Based Industries Joint Undertaking (BBI JU; www.bbi-europe.eu) launched a €6-million project entitled CarboSurf with the aim to develop new processes and solve bottlenecks in the fermentative production of biobased biosurfactants and specialty carbohydrates. The new three-year project…
AkzoNobel to expand Performance Coatings operations in Vietnam
AkzoNobel (Amsterdam, the Netherlands; www.akzonobel.com) has announced plans to invest in its Performance Coatings business in Vietnam. In addition to doubling capacity at its powder coatings facility in Dong Nai, the company also intends to open a new office for…
Lanxess and Saudi Aramco create JV for synthetic rubber
Lanxess AG (Cologne, Germany; www.lanxess.com) and Saudi Aramco (www.saudiaramco.com) plan to establish a joint venture (JV) for synthetic rubber detailed in an agreement signed today. Lanxess and Saudi Aramco subsidiary, Aramco Overseas Co., will each hold a 50% interest…
ThyssenKrupp provides new crushing and overland-conveying system for Cuajone copper mine in Peru
ThyssenKrupp Industrial Solutions AG (Essen, Germany; www.thyssenkrupp-industrial-solutions.com), the engineering and construction specialist within the ThyssenKrupp Group, has won a contract from the Southern Peru Copper Corp. to supply a primary crushing and overland conveying system. The new system will…
B&W awarded contracts to build and operate U.K. biomass plant
Babcock & Wilcox Enterprises, Inc. (B&W; Charlotte, N.C.; www.babcock.com) says that a joint venture (JV) including its Denmark-based subsidiary, Babcock & Wilcox Vølund A/S, has been awarded a contract to design and build the Teesside Renewable Energy Plant near…
ABEL Pumps acquired by Hillenbrand
Hillenbrand, Inc. (www.hillenbrand.com) has entered into a definitive agreement to acquire ABEL GmbH & Co. KG (Büchen, Germany; www.abelpumps.com) and certain of its affiliates from Roper Technologies for €95 million in cash. The transaction is expected to close within approximately…
Specialty chemical volumes fall slightly in August, ACC says
Specialty chemical market volumes in the U.S. fell by 0.1% in August, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). The retreat follows a 1.3% gain in July and a…
MHPS receives gas-turbines order for fertilizer-production plant in Turkmenistan
Mitsubishi Hitachi Power Systems, Ltd. (MHPS; Yokohama, Japan; www.mhps.com) has received an order for two sets of its natural gas-fired H-25 gas turbine and generator to be installed at a fertilizer production plant, which Turkmenhimiya, a state-owned chemical company…
PPG completes expansion of coatings facility in Spain
PPG Industries, Inc. (Pittsburgh, Pa.; www.ppg.com) announced the completion of a $3.8 million expansion at its coatings manufacturing facility in Laguna de Duero, Valladolid, Spain. The investment provides new mixing and blending equipment at the facility that will support an…
Ube to expand manufacturing capacity for lithium-ion battery separators
Ube Industries, Ltd. (Ube; Tokyo, Japan; www.ube-ind.co.jp) announced that it has decided to expand its production capacity for lithium-ion battery separators by rebuilding existing facilities at its Ube Chemical Factory (Ube City, Yamaguchi Prefecture, Japan) while also establishing new production…